Batesville, Arkansas Bank Lends Money to Automotive Exhaust System Repair Company in Batesville, Arkansas

Find Batesville, Arkansas banks that specialize in business loans and know how to work with entrepreneurs. The Citizens Bank is one such bank, as evidenced by this SBA loan to one business.

Finding a small business loan in Batesville, Arkansas starts with an understanding of who else has gotten loans in the area. In this case, a small company received funding from The Citizens Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: AUTOMOTIVE EXHAUST SYSTEM REPAIR
BATESVILLE, AR 72501

SBA Loan Lender

THE CITIZENS BANK
3RD & COLLEGE ST
BATESVILLE, AR 72503

This business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

811112 - Automotive Exhaust System Repair

Loan Approval Date

10/16/2007

Loan Approval Gross Amount

$87,550

Loan Approval from the SBA

Of the total $87,550 loan amount, the SBA guaranteed $74,417.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had only one employee. This SBA loan request indicated that the loan would help retain 1 existing job.

Start the Process for Getting an SBA Loan Today!

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like The Citizens Bank and they will explain how you can get an SBA loan for your company.

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ.

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